401 Michigan St Burlington, IN 46915

Property Details for 401 Michigan St

Year built

1971

Lot size

0.30 lot acres

Property size

3,670 SF

Property type

Commercial real estate

Description

This exceptional 3,670 square foot commercial property, situated on a 0.3-acre lot at 401 S Michigan Street in Burlington, Indiana, presents a unique investment opportunity. Built in 1971, this former bank boasts a solid structure and is ready for immediate occupancy. The building features an iconic vault and numerous security deposit boxes, offering versatile possibilities for a variety of businesses. The open floor plan allows for creative customization, making it ideal for restaurants, bakeries, office spaces, salons, or even a return to its banking roots. A significant advantage is the existing drive-up ATM, currently under contract with Horizon Bank, generating a consistent income stream. Further enhancing its functionality is a drive-through teller window at the rear, recently updated with fresh concrete. Ample parking is available both in front of the building and in an additional lot at the rear, providing room for expansion. The property's prime location on SR29/US421 ensures high visibility and significant traffic flow. Recent improvements include a new gas furnace and completed mold remediation, ensuring the building is in excellent condition. Bakery design renderings are available for interested parties. This is a turnkey opportunity to own a well-maintained, income-producing commercial property in a thriving downtown location.

Location Insight

City

Burlington

County

Carroll

State

Indiana

Longitude

-86.3953

Latitude

40.4822